April 2025

Trump targets coal industry revival with new executive orders

Former President Donald Trump signed executive orders intended to breathe new life into the struggling coal industry. The orders aimed to dismantle regulations that restricted coal production, with the hope of reviving jobs. Analysts and environmentalists question the long-term viability and impact of these changes, as the global shift towards renewable energy continues.

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When Does an S-Corp Save You Money on Taxes?

An S-corporation isn’t a separate legal entity; rather, it’s a tax status that can be elected for an LLC or corporation. For many small business owners, a single-member LLC serves as the most relevant example. When you form a single-member LLC, it is automatically treated as a disregarded entity for tax purposes. This means that your business income passes through to Schedule C on your personal return, and you won’t need to file a separate business return. However, you can choose to be taxed as either a C-corporation or an S-corporation.

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